MGE Energy (NASDAQ:MGEE) Reaches New 12-Month Low – Should You Sell?

Posted by Brenda Bartman on Sep 23rd, 2026

MGE Energy Inc. (NASDAQ:MGEE – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $71.42 and last traded at $71.1950, with a volume of 4230 shares changing hands. The stock had previously closed at $72.86.

Analysts Set New Price Targets

MGEE has been the subject of several recent analyst reports. Morgan Stanley dropped their price target on MGE Energy from $74.00 to $71.00 and set an “underweight” rating for the company in a research note on Friday, September 18th. LADENBURG THALM/SH SH raised shares of MGE Energy from a “neutral” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Monday, June 8th. Wall Street Zen lowered shares of MGE Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MGE Energy in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $76.00.

View Our Latest Analysis on MGE Energy

MGE Energy Price Performance

The company has a market cap of $2.69 billion, a P/E ratio of 17.54 and a beta of 0.70. The firm’s 50-day moving average is $79.10 and its two-hundred day moving average is $78.16. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.14 and a quick ratio of 0.79.

MGE Energy (NASDAQ:MGEE – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.77 by $0.12. MGE Energy had a net margin of 19.45% and a return on equity of 11.10%. The business had revenue of $161.19 million during the quarter, compared to analyst estimates of $166.37 million. Analysts anticipate that MGE Energy Inc. will post 3.99 earnings per share for the current year.

MGE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.5083 per share. This represents a $2.03 dividend on an annualized basis and a yield of 2.9%. This is a boost from MGE Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Tuesday, September 1st. MGE Energy’s dividend payout ratio (DPR) is currently 49.88%.

Hedge Funds Weigh In On MGE Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new stake in MGE Energy during the 2nd quarter valued at about $323,000. Integrated Wealth Concepts LLC purchased a new position in shares of MGE Energy in the 2nd quarter valued at $191,000. IFP Advisors Inc increased its stake in MGE Energy by 41.3% during the 2nd quarter. IFP Advisors Inc now owns 1,308 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 382 shares in the last quarter. Allworth Financial LP raised its stake in MGE Energy by 114.6% in the 2nd quarter. Allworth Financial LP now owns 1,972 shares of the utilities provider’s stock worth $161,000 after acquiring an additional 1,053 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new stake in MGE Energy during the 2nd quarter valued at about $260,000. Hedge funds and other institutional investors own 52.58% of the company’s stock.

MGE Energy Company Profile

(Get Free Report)

MGE Energy, Inc is a public utility holding company headquartered in Madison, Wisconsin. Its principal subsidiary, Madison Gas and Electric Company (MG&E), provides electric and natural gas service to residential, commercial and industrial customers in south-central Wisconsin.

The company’s operations include generating, purchasing, transmitting and distributing electricity, as well as distributing natural gas. MGE Energy’s generation portfolio includes renewable resources such as wind and solar, along with other generation and purchased-power arrangements.